Hoping to see a positive EBITA, somewhere in the vicinity of $5M to $10M with growth in revenue. They seem to be on track for that so not a big ask. Would like to see it continue over the next two quarters so the stock can attract some institutional investors that see the value in it. If so, could be looking at a share price in the $0.40 to $0.50 range by the end of the second quarter. If results continue in that direction and there is a whiff of a dividend by this time next year, then the hope is a share price nudging $1.
With sound management, cost control and managed growth, they should be able to steadily increase their margins over the next five years and when you do your own projections and compare with other companies of similar size and income, then a share price of $5 within five years is not out of the question.
BET Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
